D. E. Shaw & Co. Inc. Buys 65,813 Shares of PAR Technology Co. (NYSE:PAR)

D. E. Shaw & Co. Inc. raised its position in shares of PAR Technology Co. (NYSE:PAR - Free Report) by 176.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,010 shares of the software maker's stock after purchasing an additional 65,813 shares during the period. D. E. Shaw & Co. Inc. owned 0.27% of PAR Technology worth $7,486,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Captrust Financial Advisors lifted its position in shares of PAR Technology by 2.6% in the fourth quarter. Captrust Financial Advisors now owns 130,490 shares of the software maker's stock worth $9,483,000 after buying an additional 3,249 shares during the last quarter. Balyasny Asset Management L.P. boosted its position in PAR Technology by 16.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 40,793 shares of the software maker's stock worth $2,964,000 after purchasing an additional 5,862 shares during the period. Ameriprise Financial Inc. acquired a new position in PAR Technology during the fourth quarter valued at approximately $350,000. Northern Trust Corp raised its position in shares of PAR Technology by 7.4% in the fourth quarter. Northern Trust Corp now owns 352,079 shares of the software maker's stock valued at $25,586,000 after purchasing an additional 24,248 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in PAR Technology by 1.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 17,303 shares of the software maker's stock valued at $1,257,000 after buying an additional 168 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Craig Hallum restated a "buy" rating on shares of PAR Technology in a report on Friday, February 28th. The Goldman Sachs Group lifted their price target on PAR Technology from $57.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, May 12th. Citigroup reissued a "neutral" rating on shares of PAR Technology in a research report on Friday, February 28th. Stephens reaffirmed an "overweight" rating and set a $90.00 target price on shares of PAR Technology in a research report on Friday, February 28th. Finally, StockNews.com raised shares of PAR Technology to a "sell" rating in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, PAR Technology has an average rating of "Moderate Buy" and an average price target of $79.86.

PAR Technology Stock Performance

Shares of NYSE PAR traded down $1.10 during trading hours on Wednesday, reaching $68.24. The stock had a trading volume of 33,512 shares, compared to its average volume of 435,530. The business's fifty day moving average is $60.16 and its two-hundred day moving average is $67.56. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.13 and a quick ratio of 1.91. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -272.93 and a beta of 1.76. PAR Technology Co. has a twelve month low of $41.86 and a twelve month high of $82.24.

PAR Technology (NYSE:PAR - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. PAR Technology had a negative net margin of 0.66% and a negative return on equity of 8.99%. The firm had revenue of $103.86 million for the quarter, compared to analyst estimates of $105.16 million. During the same quarter in the previous year, the firm posted ($0.36) EPS. The business's revenue for the quarter was up 48.2% on a year-over-year basis. As a group, research analysts expect that PAR Technology Co. will post -1.47 EPS for the current year.

PAR Technology Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.